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Jul 21, 2011 5:00pm EDT
to correct our course. i urge my colleagues to support the cut, cap and balance plan. i yield the floor. mr. inouye: madam president? the presiding officer: the senator from hawaii is recognized. mr. inouye: madam president, i ask unanimous consent that the time from 5:00 p.m. to 8:00 p.m. on the motion to proceed to h.r 2560 be equally divided between the majority leader and the republican leader. the presiding officer: is there objection? without objection, so ordered. mr. inouye: madam president? i rise today in opposition to the cut, cap and balance act of 2011. rather than taking a balanced approach that requires shared sacrifice, house republicans have passed legislation that would gut essential services for average americans, asking nothing of the wealthy and the privileged. such a misguided approach would cost countless american jobs while doing nothing to solve america's long-term deficit challenges. madam president, in my opinion, this bill, the cut, cap and balance act, fails to measure up as a serious proposal to address the structural deficit that our nation faces. it is misgui
Jul 19, 2011 5:00pm EDT
support of h.r. 2560, the cut, cap and balance act. last november the american people sent a clear and resounding message -- cut off the nation's credit card and stop spending money we don't have. today we're doing that. this act makes immediate spending cuts and forces the federal government to do what americans all over this country are doing, living within their means. this legislation also begins to cap federal government spending at levels that are historically sustainable to ensure vibrant economic growth. finally this measure forces the federal government to do what to most americans is simply plain, common sense. spend only the amount of money that you have. a balanced budget amendment is long overdue. republicans have heard the american people's call to action to reduce spending and that is why i strongly support this measure. i urge my colleagues to vote in favor of the cut, cap and balance act and with that i yield back the balance of my time. the speaker pro tempore: the gentleman yields back the balance of his time. the gentleman from maryland. mr. van hollen: mr. spea
Jul 20, 2011 6:00am EDT
capping our spending rates, bringing it down to what's traditional, 18%, and then finally passing a balanced budget amendment that will finally put the restraints on this body, on the president of the united states and certainly on the senate, finally so we will begin to do the people's work and we allow this economy to flourish once again. thank you, i yield back. the speaker pro tempore: the gentleman from maryland. mr. van hollen: mr. speaker, i reserve. the speaker pro tempore: the gentleman reserves. the gentleman from ohio. mr. jordan: yield two minutes to the gentlan from florida. the speaker pro tempore: the gentleman from florida for two minutes. . >>very second of every day, washington adds another $40,000 to our national debt, $40,0. in fact, by the time i finish speaking this sentence, our national debt will increase another $360,000, $360,000 in one septemberens. we have reached the edge of a cliff and it's going to take tough decisions and responsible leadership to eliminate this massive, massive debt. i rise in support of h.r. 2560, the cut, cap and balance act of 2
FOX News
Jul 20, 2011 7:00pm PDT
of the last two years. >> greta: and you want to go back to 2008? >> the cap and balance goes back to 2006. we want to go back to before we were spending like drunken sailors here. it isn't clear which baseline you are using. we all agree it constitutes a tack increase. it is how big a tax increase. that is something we shouldn't be doing in the middle of an economic downturn. >> greta: the gang of six is sort of a proposal what we would like to do in general? >> they handed out a three page outline but it has not been put into legislative text. there is no draft yet of it and so it is really hard to make an evaluation. and we have gotten conflicting reports about what is in it. they are trying and putting forward a proposal but we will vote this week on a cut, cap and balance proposal which i think represents the best opportunity to really address in a meaningful way the need to reduce spending, reform spending and get this runaway debt under control. >> greta: and with a little sarcasm in my voice they will send it to the drafters and it will be 2800-pages and nobody will read it and vote on
FOX News
Jul 20, 2011 10:00pm PDT
to go back to what, 2008? >> 2008 or cap and cut goes back to 2006. but we have been spending like drunken sailors. on the revenue, it is unclear which baseline you are using and we all agree it cons states a -- consitutes an increase. and that's something we shouldn't be doing. >> from what i understand it, the gang of 6 plan is a proposal. it's not laidout instructions. right? this is what we would like do in general? >> it is. i mean, they have handed out a three-page outline. but it has not been put into legislative text. there is no draft yet of it. and so it's really hard to make an evaluation. we have gotten conflicting reports about what's in it. like i said, i think they are trying. they are putting forward a proposal. but we are going to vote on a cut, cap and balance proposal, which i think is the best opportunity to really address in a meaningful way, the need to address spending, reform spending and get this runaway debt under control. >> if we are really lucky, they will take the three-page proposal and come back with 2800s. nobody will read it. everybody will vote on
Jul 21, 2011 9:00am EDT
to the iss and for capping off 37 space shuttle missions to construct both orbiting facilities. we will miss you guys. godspeed, soft landing, and we will see you back on earth in the fall. >> thanks, ron. into the station commander on board, we appreciate your hospitality again. it's got a right to stand back and for just a moment to admire and take pride in its work. from our unique advantage point, we can see in a space station as a wonderful accomplishment. enabled many nations to be one in space. the iss not interest the air of utilization. we will never forget the role space shuttle played in its creation. from the men and women who build operate and live there. from this unique vantage point we can see a great thing has been accomplished. so, iss, make us proud. >> a few minutes after atlantis reaches the point, 650 directly in front of the station, the international space station will begin a maneuver of 90 degrees under the control of russian thrusters. that maneuver will occur while atlantis is in a period of about 27 minutes of stationkeeping directly in front of the complex. once
Jul 10, 2011 10:00am EDT
their ultimatums. do you have an ultimatum? >> we sure do. that is what we call cut, cap, and balance. it is a plan that we think makes good common sense and we think the american people like this idea. cut spending in the short term and in the midterm, caps spending as a percentage of gdp, and most importantly, this is the real game changer, use this moment to for the first american history pass a balanced budget amendment to the american constitution. passage for the house and senate and send it to the states for ratification. if we can accomplish that, that would truly and fundamentally change the way we do things in washington and change the country in the right way and help us get our fiscal house in order and put us on a fiscal path that is sustainable. yes, we have an ultimatum. do with the american people sent us here to do. that is what needs to happen in the context of the debt ceiling debate. >> if that is not done, will 175 republicans voted no? >> i would not say all of gumwood but 33 people sunday pledged to cut, cap, and balance as part of this package. we will not support borrowing
FOX News
Jul 18, 2011 6:00pm PDT
. capping spending. and a balanced budget amendment. i think strategically, this is what the republicans need to do. they have one house. they don't have the senate. now put the onus on the president and put them on record where they stand. is this a good strategy, in your view? >> it is half of a good strategy. the other half is they should prepare for war . the way to prepare for war is call the president's bluff. the united states government borrows 40% of the money that it spending. it takes in through taxes 60% of the money. so it is still going to get tax revenues. the question is what do you use the revenues for? the republicans should pass two bills. first, tax revenues should be priority spent on avoiding default, paying the military and sending out social security checks. the second bill should say if this is inadequate in revenue flow the treasury secretary may borrow money, above the debt limit, if all of it goes to paying debt service and certifies there is no other source. the reason clinton won the government shutdown of '96, is he committed to a balanced budget and that c
Jul 13, 2011 11:00am PDT
process is results will for the exemption in the overtime capped. we have granted exemptions to fire because of their short staffing. there are 1400 employees and 138 exceeded the counter in fire over the last year. puc leads the limited exemption in 18 people with only one employee for homicide investigator. only 21 exceeded the overtime capped in the last year. we're working with them to get it down close to zero. we have it one part storekeeper who has been exempted. it is not the case that -- there are some circumstances in which employees have gone over without the exemption. those may be some of the ones that you cited. it is not so many that there are a handful. we would attribute the big move in 2008 to the culture of overtime. there are people that run in overtime. it is built into their assignments effectively. a lot of work has been done to defeat that. whether we are moving to 20%, we will not know until we do it. we could take a look at the number of people who -- what the impact would be for 10-11 for the same group. if we move from 30% to 20%, for this study. , july to
FOX News
Jul 28, 2011 6:00pm PDT
passed the right bill, >> sean: when you guys in the house passed the right bill, cut, cap and balance and we had competing bills in the senate i thought it cut the legs out for what could have been better for the country. so you going to vote no on the bill, am i assuming like everybody else here the reason the bill has been postponed is that the speaker is shy a number of votes here? >> that would seem to be the case. i would tell you as the bill stands today i cannot support it. for some very common sense reasons and i grew up in a single parent household and i know that there are women out there working 16 hours a day trying to figure out how to pass on the american dream to their kids. they want to know that the financial solvency of this nation has been taken care of. i took an oath of office and i take a look in the mirror and say to my self-i cannot support this because simply looking my mother in the face and other folks in the face, hard working americans and saying this is the best we can do simply it not good enough. >> sean: let me ask both of you this and i will ask you f
FOX News
Jul 21, 2011 6:00pm PDT
closed captioning by closed captioning services, inc. >> sean: the gang of six, cut, cap and balance. now word congressional leaders could soon reach a deal. kevin mccarthy has the latest. >> bill maher's outrageous comments finally draw some criticism. tonight ann coulter. a frequent guest on his show is here with reaction. >> america's mayor giuliani is here to layout his timetable for a possible run for the republican nomination. >> i have to think about the rest of the country. what kind of chance do i have? >> sean: the latest examples of the obamamania media's bias. >> you didn't just suggest that our budget problems because of president obama, did you? >> sean: we are on the road two 2012, hannity starts right here, right now with less than 12 days until america reaches its 14.3 trillion - debt ceiling there are reports that a deal to avoid default could soon be announced. democratic leaders were summoned to the white house for another round of meetings. rumors began swirling this afternoon when the new york times reported that the president and speaker of the hous
Jul 21, 2011 12:00pm EDT
's the one we're on right now, cut, cap and balance. i would submit that if you don't like cut, cap and balance, if you don't think we need to cut spending, cap spending and balance our budget, then show us your alternative. or maybe you do believe we need to cut, cap and balance, but you don't like the way this bill cuts spending, caps spending and balances spending. fine. offer your version of cut, cap and balance. let's get on to the bill the house has passed and if you don't like it, change it. you've got the votes to do it. if you don't like this bill, bring your bill up and amend it. how could you compromise? how could you cold republicans in the house for refusing to compromise if you don't have a plan of your own? how can you compromise if you don't have any ideas of your own? it's not a fair thing to say. and so i would urge the leadership of this chamber and the president of the united states to offer their ideas on paper. put your ideas on paper and offer them so we can begin to work on this concept of compromise that you've offered. because you can't compromise and you c
Jul 19, 2011 10:00am EDT
will be watching the vote on the cut, cap, and balance republican-like bill. we're looking at that rupert murdoch testimony happening in the uk. see you tomorrow morning at 7:00. between the parties with each party limited to one hour and each member other than the majority and minority leaders and the minority whip limited to five minutes each, but in no event shall debate continue beyond 11:50 a.m. the chair recognizes the gentlewoman from ohio, ms. fudge, for five minutes. ms. fudge: thank you very much, mr. speaker. mr. speaker, i rise today to address bills pending on -- who were already signed into law in 45 states that will disenfranchise voters. these bills will prohibit address changes at the polls, end volunteer run voter registration drives, end same-day voter registration and limit absentee voters to cap their ballot. photo identification requirements, just this month the ohio state legislature passed and the governor signed into law one of the most draconian voter measures in the nation. ohio's house bill 194 invalidates a vote where a voter properly marks the ballot in support of a
Jul 19, 2011 1:00pm EDT
need help. this cut, cap and balance bill is actually a solution to america's problem. it does not cut social security, it does not cut medicare, it does not cut compensation to our men and women in uniform by one dime. but the balanced budget amendment it proposes does give us an honest chance of reforming and saving this program and our country from bankruptcy in the future. mr. speaker, this is not the democrat congress of last year that gave a standing ovation to a $2 trillion increase in our debt limit. this is the congress that was sent here by the american people to turn things around. and the american people are awake, mr. speaker, and they are watching us ad and they are tired of democrats telling them -- us and they are tired of democrats telling them that two plus two equals 13 and they're not willing to give the american people this chance by helping republicans pass a balanced budget amendment in this congress, the resulting consequences will be theirs alone and i believe the people will hold them accountable. by passing this cut, cap and balance bill along with the balanc
FOX News
Jul 19, 2011 6:00pm PDT
of representatives pass the cut, cap allege balance bill a plan that would solve the pending crisis. the keystone is a constitutional amendment that would require a budget. democrats have made it clear that it has little chance of passing in the senate. the president today in the spirit of compromise and bipartisanship that he has brought to all of these negotiations said he would veto the bill. tonight another deal is on the table thanks to a so-called bipartisan group of senators known as the gang of six. gop senator alexander is backing their plan bringing their number to seven that plan slashes the deficit by 3.7 trillion over the next 10 years. albeit there is no details. it contains 1.2 trillion with what the democrats like to call revenue measures, tax hikes. here's what the president had to say about that. >> the president: the good news is that today, a group of senators, the gang of six, democrats and republicans, i guess now gang of seven, because one additional republican senator added on, put forward a proposal is o'that is broadly consistent with the -- with the approach i've urged.
FOX News
Jul 20, 2011 1:00pm PDT
their train dead on arrival writing off, cut, cap and balance despite the win last night. and the other "gang of six" train will not make the august 2nd deadline so it is full steam ahead for the mcconnell reid land. that is not making the cut with illinois republican congressman joe walsh who is circulating a letter today urging house leaders to reject bringing the mcconnell propose you will for a vote. congressman, so, no way, no how, mcconnell is your position, sir? >>guest: absolutely. this is not a plan, it says, okay, mr. president, go ahead and raise your debt ceiling and we disapprove of it. i understand how frustrated he is. we all are. because we are dealing with the president who doesn't get it but it is incumbent upon us to lead and that is what we did, stuart, last night, when we passed the only plan right now that will allow the debt ceiling to be raised and structurally reform the way this town spends money. >>stuart: if you kill the mcconnell idea stone dead, don't allow it for a vote you will be called an extremist, that you are totally unwilling to compromise, you are out th
Jul 22, 2011 9:00am EDT
h.r. 2560, that's the house debt and deficit reduction plan, also known as the cut, cap and balance bill. that measure passed the house earlier this week. we expect a procedural vote to table or kill the bill around 10 a.m. eastern here in the senate. we will take you live to the senate floor now here on c-span2. on c-span3 will have president obama participate in a town hall meeting. on the ongoing interest to find a balanced approach to deficit reduction. that lie from college park on our companion network, c-span3. now live to the senate here on c-span2. eternal spirit, the fountain ofy blessing, hallowed be your name. in these tempestuous times, givr lawmakers strong minds, great h, and true faith. make them people whom the lust e does not kill or the spoils of office cannot buy. may they be people of honor who live above the fog in public duty and in private thinking. lord, empower them to use their gifts to magnify your name. may your kingdom come and your will be done on earth as it is in heaven. our souls silently wait for you, oh god, for from you alone comes salvation. you
Jul 21, 2011 8:00pm EDT
that their cut, cap and kill medicare plan has zero chance of passing the senate. not going to happen. not now not ever. it's already drawn a veto threat from president obama. nevertheless as this deadline looms closer and closer, with those terrible consequences portended, the house republican extremists have forced this piece of political theater while ignoring serious and constructive proposals for deficit reduction such as budget committee chairman kent conrad's plan which would reduce deficits by $4 trillion, more than the house's budget plan. we actually do better at solving the deficit than they do. but we do it with every dollar in spending cuts matched by a dollar in new revenue from closing tax loopholes and tax gimmicks. this plan would stabilize the budget would reassure the financial markets and would do so without cutting social security and medicare benefits on which our seniors rely and which all working americans are counting on. it's one of the basic freedoms we have as americans is to know that that is wa
Jul 19, 2011 11:00pm PDT
have a 24/7 requirement for staffing, regardless of the cap they probably will have to give an exemption. that might be true for certain public health classifications because of the custodial care requirements. i would hope that it continues to erode the use of overtime. i would venture that this has largely been done through reporting we can learn from what we did before. >> you spoke about who is in the incremental. taking a snapshot look at this and seeing how many people are exceeding the 20% level now, you said that there were individuals exceeding it. do you know the categories they were in? who would be captured in the additional change? >> the additional -- i see, who beat pickup at the 20% level, emergency communication, dispatchers, the district attorney's office, the court, recreation, and the airport. yes. so, our minister has just advised me that when they look at the full year, it is about four times the amount. 60 people at the 30% level to 238. looking backwards. it might be that they did not have to work that much overtime. presumably the downward pressure o
FOX News
Jul 27, 2011 10:00pm PDT
? >> that was always the case. the second thing, cut, cap and balance had to be separate from the bill. >> balanced budget amendment. >> that's right, excuse me. this requires that the senate vote on a balanced budget amendment. we never had the assurances we could even get a vote on the balanced budget. what i never agreed with is that we would expect harry reid and nancy pelosi to give us the democratic votes. i never thought it was realistic for democrats to vote against their conscience. i think this is a far more workable plan, cut spending, cap spending and have a vote on the balanced budget amendment and see where people stand on this in congress. >> how realistic are the cuts? we hear the bills, in march, there was all of this hoopla and when the dust settled tlooked like chump change. >> we had the cbo give us the most recent estimate, we are cutting $917 billion in spending. the deficit goes down $22 billion next year. should as much as i want? no. but it does cap spending. >> for how long? >> 10 years. >> all right. >> it's discretionary spending, all government agencies. we put legal st
FOX News
Jul 27, 2011 7:00pm PDT
from the boehner bill. that was always the case. the second, cut, cap and balance had the bba separate from the bill. >> greta: balanced budget amendment. >> right, excuse me. we never had assurances we could get a vote on the balance budget amendment in the senate. what i never agreed with was the idea we would expect harry reid and nancy pelosi to deliver 40 to 15 votes from democrats. i never thought that was realistic to demand democrats vote against their conscience for our version of the balanced budget amendment. i never thought that would work. i think this is a far workable plan. cut spending, cap spending and then have a vote on the balanced budget amendment. and see where people stand on this issue in congress. >> greta: how realistic are the cuts you talked about? we hear these bills, six months ago in march there has hoopla about how much was i can cut we the dust settled it was chump change. >> today we are cutting 917 billions in spending. bringing the deficit down by 917 billion dollars. going down 22 billions next year is this as much as i want? no. we offered far more
Jul 19, 2011 11:00pm EDT
: i rise in strong support of h.r. 2560, cut, cap and balance act. the severity of our nation's fiscal crisis cannot be overstated. more than 14 million americans are looking for work. meanwhile federal spending continues at an unprecedented pace with an average of $4 billion added to our country's debt every day. we need to encourage economic growth and investment. instead, leaders on the other side of the aisle are pushing reckless policies, more red tape and taxes to pay for their irresponsible spending spree leaving job creators frozen by uncertainty and fear and risk our future prosperity. at a recent round table, a small business owner told me, quote, the government is out of control, it's too big and i don't like it, closed quote. well, i don't like it either and it's costing our country jobs. it's time for washington to do what's right. we need to make the tough choices necessary to get our nation's fiscal house in order. no one said it would be easy, but it is certainly necessary. the legislation before us will end unsustainable spending and put this nation back on a fiscal pa
FOX News
Jul 19, 2011 1:00pm PDT
is delivered to make sure we get on a fiscal paths that is sustainable. >>stuart: you prefer the cut, cap and balance bill that will be voted on in a couple of hours in the house, and i have to say, sir, that is almost certainly going down to defeat in the senate. >>guest: this started in general and everybody said this is no way it could get to the house and it would not get the republican leadership and now mcconnell and speaker boehner have endorsed it and signed on to it, so, it has come a long way. we have not given up. it is not a yet of getting republican or democrat sport -- support but the american people's support. the cap and balance plan is the only plan that recognizes reality and gets us on a permanent fix to make sure that congress is handcuffed to balance a budget. they have proven for generations they cannot balance a budget without outside limitations on their spending. and a balanced budget amendment does that. >>stuart: speaker boehner in reaction from the news of the gang of six plan said he was focused on the cut, cap and balance legislation, so speaker dinner is foc
Jul 16, 2011 7:00am EDT
of us believe was a policy that was appropriate. i say to my friend the cut, cap and balance act we have been confronted with this challenge for a long period of time. it was my understanding you were going to bring to the floor next week a balanced budget amendment which was announced and which i thought was coming and we told our members was coming. you have substituted for that the cuts, cap and balance act. there is no text for that act available at this time. is that accurate? am i correct there is no text yet available for that bill? >> i thank the gentleman. i would say to the gentleman that the bill is currently being drafted and will be posted on line later this evening consistent with our three day layover requirement. i yield back. >> i thank the gentleman for his, and. as the gentleman pointed out this crisis has been known to was for over five or six months that we were going to confront this. 9 understand in the cuts, cap and balance pledgei understand and balance pledge that has been put forward -- the pledge says the people who sign the pledge whatever side they are on ou
Jul 20, 2011 9:00am EDT
cap, cut and balance, which others call cap, cut and destroy medicare and all the other names this program has been given. we have to get now where we work on something that is really important and have an opportunity to pass. knew, the republican leadership knew it didn't stand a chance over here. that's why it's the most important issue we're facing, that is not defaulting our debt, they have got to become real and sending something to us or we'll send something to them, we'll agree in the interim on something that will extend the debt. as most know, i've worked really hard to try to figure out a way through all this. others have worked as hard as i have. right now i'm at a point where i'm saying we need to hear from the house of representatives. we have a plan to go forward over here. but until we hear from the house of representatives, really our, all of our work here would be for naught. so i await the word from the speaker. he indicated that he thought it would be appropriate that they get this other thing out of the way first. i look forward to our working on this. i ha
Jul 22, 2011 11:00pm EDT
, the latest version of the balanced budget amendment would impose an absolute cap on spending as a share of the economy. it would prevent federal expenditures from exceeding 18% of the gross domestic product in any year. most unfortunately, the amendment lacks a clause letting the government exceed that limit to strengthen a struggling economy. mr. president, that has all of the potential to turn a recession into a depression. two of this country's most distinguished economists: alan blinder, former vice chairman of the federal reserve; and mark zandi former consultant advisor to this senator mccain evaluated the response to the last downturn. their conclusion: absent that federal response, we would have had great depression 2.0. mr. president, the legislation before us would have prevented that federal response. they call this legislation cut, cap, and balance. they misnamed it. they should have called it cut, cap, and kill medicare. because that's precisely what it would do. mr. president, why do i say that? because when i referred earlier to the internal -- inconsistency of this legis
Jul 12, 2011 10:30pm PDT
on the annual two-year average consumer price index, placing a cap on the intake at the amount for applications for planning commission and zoning administrator hearing applications. 18, ordered its amending the health code to set patient rates and other services provided by the department of public health. 19 is an ordinance amending the public works code to modify monthly fees for temporary street occupancy construction and daily fees for temporary street occupancy and related to construction. 20, or in its amending the administrative code to add a fee of $37 for services provided by the public administrative/public guardian represented at the program. 21, a resolution approving the budget of the redevelopment agency and bond in an amount not to exceed approximately $84 million for fiscal year 2011- 2012. 22 is the resolution approving the budget of the treasure island development authority for fiscal year 2011-2012. item 23 through 28 is legislation associated with the aao and aso. 23 is a resolution concurring with the establishment of the consumer price index for 2011 and adjusting the acc
FOX News
Jul 17, 2011 3:00pm PDT
to fox news sunday. >> they will vote on cut, cap and balance and out line what it would be doing. you would cut the deficit next year and cap speppeding under 20 percent of the gdp and raise the debt sealing after congress passes a balanced budget. congressman jordan you sponsor this . president obama said it would cut medicare and social security more deeply than paul ryan. >> it is near the budget passed this year. it is a common sense american plan. americans know we are spending too much and headed for a cliff and cut spend cap it as a percentage of our economy going forward . we'll do something historic. for the first time in american history pass a balanced budget amendment to the house and september and state. we'll have the requirement that erch has to live under. let's make the federal government and 14 trillion dollar debt. >> sounds sensible. what is wrong with cut, cap and balance and what are the chances it gets through the house and senate and get signed by the president? >> no one should be fooled about this. they are not pro posing a clean balanced budget committee. th
FOX News
Jul 27, 2011 6:00pm PDT
. they are saying we wanted cut, cap and balance, a responsible, responsible bill and they are asking for the republicans to stand firm on it. so, i found this as attack on the tea party. if you are agreeing with it, and mentioning christine o'donnell or sharon angle, it sounds like an attack on the tea party. >> primarily if you read the whole editorial it was an attack on president obama in the way they are trying to shift the blame on to republicans. that's also what i said on the floor of the senate. the president has not come forward with a plan that is unconscionable. the worst aspect of leading from behind. but that doesn't mean that republicans are relieved of their responsibilities. look, i've got to tell you this sean, there is no way there are 67 votes in the united states senate to pass a balanced budget amendment to the constitution. i'll put my conservative fiscal record up against anyone, tea party, nontea party, anybody's. i fought against the bush spending proposals. i voted my own party, time after time. i'm proud of my record. that's why i was -- >> sean: okay i got
Jul 18, 2011 5:30am EDT
. they're say the to -- set to go a meeting. >> reporter: today's buzzwords, cut, cap and balance. this week house republicans are expected to pass a cut, cap and balance bill as a prerequisite to raising the debt ceiling. >> cut, cap and balance gets us out of debt and will have a balance budget amendment required. i think that will be the republican position. >> reporter: here's how this works. cuts would splash federal spending to bring down the $1 1/2 trillion deficit expected this year a cap would mean limited federal spending to 18% of the gross moe domestic product and ball by a balanced constitution hall amendment. none of that is expected to happen before the debt ceiling limit. the lawmakers head into another week of talks. >> there are substantial discussions going on in the senate between the two leaders to make sure that at a minimum congress has a way to take action and avoid default on the u.s. don't. >> i can't think of another president who would have devoted that much time and patience trying to bring both sides together. ultimately the responsibility is oirs. >>
Search Results 0 to 49 of about 2,964 (some duplicates have been removed)